Iran ups exports to Azerbaijan
By Sara Rajabova
Iran has increased the export of good to neighboring Azerbaijan.
Iran has exported goods worth $11.412 million to Azerbaijan in the form of suitcase trade in the first quarter of the current Iranian fiscal year (March 21 - June 20), which indicates an increase by 13 percent compared to the same period of preceding year.
Iranian Custom Administration's latest monthly report said the country has exported goods worth $5.46 million via Astara, $3.39 million via Julfa, $2.48 million via Bilasuvar and $85,000 via Poldasht custom checkpoints to Azerbaijan during the mentioned period.
Iran's total non-oil exports to foreign countries stood at $11.859 billion in the three month of the current Iranian fiscal year, while the country's total imports amounted to $12.386 billion.
Azerbaijan and Iran have had diplomatic relations since 1918. Iran recognized Azerbaijan's independence in 1991, and diplomatic relations between the two countries were established in 1992.
Data from the State Customs Committee of Azerbaijan shows that trade turnover between the two countries amounted to $281.03 million in 2013, which is 6.13 percent higher than 2012. The figure stood at $263.785 million in 2012.
Iran imported $73.347 million worth of goods from Azerbaijan in 2013, while its exports to Azerbaijan stood at $207.683 million during the same period.
Iran's trade turnover with Azerbaijan in the first eleven months of 2013stood at $470 million ($448 million exports and $22 million imports), Iran's customs administration's latest report shows.